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Explain the ANALYSIS under the headings below in accordance to the Income Statement below. INCOME STATEMENT 2022 2022 2023 2023 2024 2024 Revenues Sales Revenue
Explain the ANALYSIS under the headings below in accordance to the Income Statement below.
INCOME STATEMENT | |||||||
2022 | 2022 | 2023 | 2023 | 2024 | 2024 | ||
Revenues | |||||||
Sales Revenue | $ 412,550.000 | 825100 | 825100 | ||||
Freight Collection | 3,316.00 | 6,632.00 | 11,606.00 | ||||
Total Revenues (1) | $415,866.00 | $831,732.00 | 836706 | ||||
Cost of goods sold | |||||||
Finished goods inventory, | 15,000.00 | 9,476.00 | 17,082.10 | ||||
Cost of goods manufactured | 51,975.00 | 94,250.00 | 169500 | ||||
Cost of goods available for sale | 66,975.00 | 103726 | 186582.1 | ||||
Less: Finished goods inventory, | 9,476.00 | 17,082.10 | 25,133.25 | ||||
Cost of goods sold | 57,499.00 | 86,643.90 | $161,448.85 | ||||
Gross profit | 358,367.00 | 745,088.10 | 675,257.15 | ||||
Operating expenses | Manager Salary | 32,000.00 | 35,200.00 | 38,720.00 | |||
office expenses | 3,000.00 | 3,300.00 | 3,700.00 | ||||
administrative expenses | 25,000.00 | 30,000.00 | 36,000.00 | ||||
Marketing Expenses | 21,900.00 | 24,090.00 | 26,499.00 | ||||
Freight | 27,332.00 | 37,144.00 | 66,470.00 | ||||
Total operating Expenses | 109,232.00 | 129,734.00 | 171,389.00 | ||||
Net profit/loss (3-4) | $249,135.00 | $615,354.10 | 503,868.15 |
Explain the Headings below descriptively according to the Income Statement:
Analysis
1. Net Sales Revenue (One Paragraph)
2. Opening and finished goods available for sale (One Paragraph)
3. Operating expenses (One Paragraph)
4. Manufacturing Cost (One Paragraph)
5. Marketing Expenditure (One Paragraph)
6. Freight cost (One Paragraph)
7. Net Profit and Loss (One Paragraph)
NOTE: Explain the increases, hoe low or high with the percentage.
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